Berenberg Bank analyst Tammy Qiu maintained a Buy rating on Lam Research (LRCX – Research Report) yesterday and set a price target of $570.00. The company's shares closed last Thursday at $419.32, close to its 52-week low of $375.87. According to TipRanks.com, Qiu is a 4-star analyst with an average return of 7.5% and a 51.5% success rate. Qiu covers the Technology sector, focusing on stocks such as Infineon Technologies AG, Fidelity National Info, and KLA. The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Lam Research with a $605.35 average price target, a 48.3% upside from current levels.
https://www.tipranks.com/news/blurbs/berenberg-bank-thinks-lam-researchs-stock-is-going-to-recover-2?utm_source=advfn.com&utm_medium=referral
Lam Research (NASDAQ:LRCX)
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